Dividing Potential Customers into Groups of Similar People Is Known

question 18

Multiple Choice

Dividing potential customers into groups of similar people is known as _____.

• A) environmental scanning
• B) public accounting
• C) market segmentation
• D) customer relationship management

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Definitions:

Transactions Identified

The process of recognizing and documenting specific financial events in the appropriate accounting period.

Accounts Used

Refers to specific accounts in the general ledger that are impacted by transactions and financial events of a business.

Recording Revenue

The process of documenting the income a company generates from its business activities, typically recognized when goods or services are delivered.

Increase in Assets

An upward adjustment or growth in the value of resources controlled by a company that are expected to bring future economic benefits.